Ark Invest's Cathie Wood is a well-known name in the investment world. She is known for investing in disruptive innovation, making her a favorite among investors. Wood's investment firm, ARK Investment Management, has been making headlines for its investments in emerging technologies like artificial intelligence, robotics, and genomics.
One of the most popular ARK ETFs is the ARK Innovation ETF (AMEX:ARKK). The fund has seen significant growth in recent years, with a return of more than a third in 2023. The fund's top holdings include Tesla and Roku, two companies that have been at the forefront of disruptive innovation.
However, the ARK Innovation ETF has seen its fair share of ups and downs. Following underwhelming performance in 2021 and 2022, the fund has been sporting a negative return. This has led some investors to question whether Wood's investment strategy is still effective.
Despite this, many investors continue to follow Wood's latest trades for her ARK ETFs. The funds have become a favorite among retail investors, with many looking to invest in emerging technologies that have the potential to disrupt traditional industries.
Recently, Cathie Wood made headlines when she bought $41 million in Coinbase and Block shares, despite the SEC filing lawsuits against the two companies. Three ARK funds picked up roughly 420,000 Coinbase shares, taking advantage of the 12% dip in stock value.
Wood's investment strategy is not only popular among retail investors but also among institutional investors. Many institutional investors have invested in ARK ETFs, including pension funds and endowments. This has helped to fuel the growth of the funds in recent years.
Investors looking to invest in ARK ETFs should consider their investment goals and risk tolerance. Trading advice for the ARK Innovation ETF includes day trading, swing trading, and long-term investing plans. Investors should also be aware of the risk associated with investing in emerging technologies and disruptive innovation.
In conclusion, Cathie Wood's ARK ETFs remain a popular choice among investors looking to invest in disruptive innovation. While the funds have seen their fair share of ups and downs, they continue to attract both retail and institutional investors. Investors should carefully consider their investment goals and risk tolerance before investing in ARK ETFs.
